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The idea of ‘green growth’ is flawed. We must find ways of using and wasting less energy
The idea of ‘green growth’ is flawed. We must find ways of using and wasting less energy As countries explore ways of decarbonising their economies, the mantra of “green growth” risks trapping us in a spiral of failures. Green growth is an oxymoron. Growth requires more material extraction, which in turn requires more energy. The fundamental […]
Fed Drains $485 Billion in Liquidity from Market via Reverse Repos, Undoing 4 Months of QE, Even as QE Continues, Total Assets Near $8 Trillion
Fed Drains $485 Billion in Liquidity from Market via Reverse Repos, Undoing 4 Months of QE, Even as QE Continues, Total Assets Near $8 Trillion It’s a crazy situation the Fed backed into as tsunami of liquidity goes haywire, banking system strains under $4 trillion in reserves, and General Treasury Account gets drawn down. This […]
Systemic Risks Abound
Systemic Risks Abound If you wanted to design a system guaranteed to collapse in a putrid heap, you’d make moral hazard ubiquitous and you’d make the system 100% dependent on a hubris-soaked faux savior. For the past 22 years, every time the stock market whimpered, wheezed or whined, the Federal Reserve rushed to soothe the […]
Jason Kenney’s Favourite Researcher Just Gave Him a Headache
Jason Kenney’s Favourite Researcher Just Gave Him a Headache What does the UCP do now that Vivian Krause says she never said Canadian enviro groups were being used by US oil interests? Premier Jason Kenney based his ‘Public inquiry into anti-Alberta energy campaigns’ on the theory the province was being targeted to benefit US interests. Photo […]
Pandemic Phase Two
Pandemic Phase Two Klaus Schwab and his World Economic Forum are most likely preparing for the second punch following the manufactured COVID Pandemic. The second punch is his profound warning with simulations once again of a cyber attack that will take down the world economy. I find it curious how this man who thinks he […]
Today’s Contemplation: Collapse Cometh XVI
Today’s Contemplation: Collapse Cometh XVI Knossos, Greece (1993) Photo by author Another quick thought on our impending energy cliff situation and comment on an article suggesting overconsumption is our greatest threat and that we can be happy without it. * * * The threats humanity faces are never simple and always multifaceted and intertwined. Overconsumption […]
The CPI Revisited And Its Failure To Reflect True Inflation
The CPI Revisited And Its Failure To Reflect True Inflation The cost of living numbers prepared by the Bureau of Labor Statistics are highly misleading. Currently, the government understates inflation by using a formula based on the concept of a “constant level of satisfaction” that evolved during the first half of the 20th century in academia. […]
The American infrastructure, ancient Rome and ‘Limits to Growth’
The American infrastructure, ancient Rome and ‘Limits to Growth’ Infrastructure is the talk of the town in Washington, D.C. where I now live and with good reason. The infrastructure upon which the livelihoods and lives of all Americans depends is in sorry shape. The American Society of Civil Engineers 2021 infrastructure report card gives the United States […]
Runaway Money and Overconsumption, or… the Story of Monetary Mischief in Madagascar (Episode 42 of Crazy Town)
Runaway Money and Overconsumption, or… the Story of Monetary Mischief in Madagascar (Episode 42 of Crazy Town) Way back when money consisted of iron pieces, if you wanted to buy a horse or some spices to season your horse meat, you practically had to carry an olympic weightlifting set with you. Early bankers figured out […]
Fed Drains $351 Billion in Liquidity from Market via Reverse Repos, as Banking System Creaks under Mountain of Reserves
Fed Drains $351 Billion in Liquidity from Market via Reverse Repos, as Banking System Creaks under Mountain of Reserves This is the first time I’ve seen Wall Street banks clamor for the Fed to back off QE. The Fed is struggling to keep the liquidity it created from going haywire. In the fall of 2019, […]
Weekly Commentary: Just the Facts – May 21, 2021
Weekly Commentary: Just the Facts – May 21, 2021 For the Week: The S&P500 slipped 0.4% (up 10.6% y-t-d), and the Dow declined 0.5% (up 11.8%). The Utilities added 0.4% (up 4.7%). The Banks fell 1.0% (up 35.1%), and the Broker/Dealers declined 1.2% (up 22.6%). The Transports sank 2.8% (up 23.7%). The S&P 400 Midcaps […]
COLLAPSE! — Think of collapse as a drastic and chaotic reduction in energy and resource use
COLLAPSE! — Think of collapse as a drastic and chaotic reduction in energy and resource use “… my fundamentally conservative core requires a default position that collapse is the most likely outcome,” says physicist Tom Murphy. — Tom Murphy “The first thing I should say is that the word ‘collapse’ freaks me out. I don’t use […]
Surging Inflation Might Be the Rumblings of an Economic Tsunami
Surging Inflation Might Be the Rumblings of an Economic Tsunami 神奈川沖浪裏 or The Great Wave off Kanagawa, by Katsushika Hokusai, 1831 Inflation in the U.S. is on the rise, may have started heating up last year, and is now on the cusp of spiraling out of control.Gasoline prices pushing $5 per gallon are concerning bad, and will strain family […]
